Rheos Capital Works Inc. Purchases Shares of 390,000 Baker Hughes (NASDAQ:BKR)

Rheos Capital Works Inc. bought a new position in shares of Baker Hughes (NASDAQ:BKR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 390,000 shares of the company's stock, valued at approximately $17,141,000. Baker Hughes comprises approximately 1.4% of Rheos Capital Works Inc.'s holdings, making the stock its 26th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of BKR. Dynasty Wealth Management LLC increased its position in Baker Hughes by 2.7% during the 4th quarter. Dynasty Wealth Management LLC now owns 7,904 shares of the company's stock worth $324,000 after purchasing an additional 207 shares in the last quarter. Larson Financial Group LLC increased its holdings in Baker Hughes by 41.2% in the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company's stock worth $30,000 after purchasing an additional 216 shares in the last quarter. Alpine Woods Capital Investors LLC grew its holdings in Baker Hughes by 0.7% during the 4th quarter. Alpine Woods Capital Investors LLC now owns 40,467 shares of the company's stock worth $1,660,000 after acquiring an additional 267 shares during the last quarter. Cromwell Holdings LLC increased its position in Baker Hughes by 9.3% in the 4th quarter. Cromwell Holdings LLC now owns 3,169 shares of the company's stock valued at $130,000 after acquiring an additional 269 shares during the period. Finally, Commerce Bank grew its stake in shares of Baker Hughes by 1.0% in the fourth quarter. Commerce Bank now owns 31,075 shares of the company's stock worth $1,275,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 92.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BKR shares. Stifel Nicolaus set a $50.00 price target on Baker Hughes and gave the company a "buy" rating in a research note on Thursday, April 24th. Citigroup decreased their target price on shares of Baker Hughes from $54.00 to $53.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. TD Cowen lowered their price target on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Barclays decreased their price target on Baker Hughes from $54.00 to $48.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, TD Securities dropped their price objective on Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, Baker Hughes has a consensus rating of "Moderate Buy" and an average price target of $49.11.

Baker Hughes Stock Performance

Shares of NASDAQ BKR opened at $37.90 on Monday. The firm has a fifty day moving average price of $37.30 and a 200-day moving average price of $41.53. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94. The stock has a market cap of $37.55 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 2.00 and a beta of 0.91. Baker Hughes has a 1 year low of $30.93 and a 1 year high of $49.40.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. The business had revenue of $6.43 billion for the quarter, compared to analysts' expectations of $6.54 billion. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. Equities analysts anticipate that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th were paid a $0.23 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $0.92 annualized dividend and a yield of 2.43%. Baker Hughes's payout ratio is 31.40%.

Baker Hughes Profile

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations.

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